Michael Saylor, founder and president of MicroStrategy, strategic Bitcoin $99,040.9 He made remarkable statements about his reserves. In an interview with Yahoo Finance, he emphasized the need for the US to abandon gold and embrace Bitcoin. Saylor stated that this step will reinforce the US’s leadership in global capital control.
USA’s Strategy to Increase Global Capital Power with Bitcoin
Saylor stated that Bitcoin is an important tool for the US government to maintain its world reserve status. He suggested that under this strategy, the government should purchase at least 20-25% of the current Bitcoin supply. He also stated that the USA could finance these purchases by selling the gold in its reserves.
“The United States should buy Bitcoin by selling gold.” Using his statements, Saylor argued that this step would turn the USA into the “World Reserve Capital Network”. Under this scenario, Bitcoin’s total market cap could reach $100 trillion. Saylor thinks that if this happens, rival economies will face a major impasse. According to him, as the value of gold declines, countries such as Russia and China may be forced to shift their assets to Bitcoin. This situation may create a mechanism that attracts capital to the United States.
MicroStrategy’s Bitcoin Investments and the Role of the United States
MicroStrategy draws attention with its heavy investments in Bitcoin. The company recently purchased 15,400 Bitcoins for $1.5 billion, bringing its total Bitcoin holdings to over 400,000 coins. Saylor stated that the company also impressed other institutional investors with this strategy.
The US government’s plans to create Bitcoin reserves are still unclear. It is known that some steps were taken in this regard during the Trump administration and a crypto advisory board was established. Additionally, it is a matter of curiosity whether the US government will purchase Bitcoin from the market in addition to the Bitcoin stocks seized from the Silk Road market.
Michael Saylor’s suggestions have the power to reshape the effects of digital currencies on the global economy. However, it will become clear over time whether the United States will adopt this strategy. The question of whether Bitcoin can replace gold as a new reserve asset continues to be discussed.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
